Kaiser Sticks on to $100,000 prediction – States Timing Does not Matter

Dr. Julian Hosp. states that
Bitcoin is going to get more expensive than it is today. The future of Bitcoin performance is
measured. This study is meant to
identify the amount of time it will take for Bitcoin to reach the flow. The stock-to-flow ratio was studied for Gold,
Silver, and Bitcoin.

At the rate of 657,000 BTC per
year, Bitcoin will take 27 years to touch upon its total circulation of 17.7
million (stock). However, following the
halving, the supply of Bitcoin will be slashed and reduced in annual flow to
328, 500 BTC.

Dr.
Hosp stated, “In Bitcoin, even if the price goes up, you cannot produce more
Bitcoin. It does not work, like gold,
where you will be able to increase production. There is always the same amount
of flow because it’s 12.5 Bitcoins for each minute. The production remains
stable.”

Max Keiser, Co-founder of
Heisenberg, stated “I never stopped making price predictions… I said it
[Bitcoin] was going to a hundred thousand dollars and it was only a dollar, and
I said all that publicly… it is still going to a hundred thousand dollars.”

He further stated that he will be
sticking to his $100,000 prediction and that he was Bullish about Bitcoin in
the long-term. He noted that it was not
crucial about the exact timing about when Bitcoin will touch on these numbers,
but it will likely outperform all other assets in the next 15 years. He felt
that timing was a wrong way to approach the crypto. Timing the price is essential only to people
who are investing and waiting to buy the cryptocurrency at a better price.

Kaiser stated, “I think when the
Federal Reserve issued a statement which said that they’re moving the policy to
permanent quantitative easing, which meant money printing would be done without
end. Bitcoin is hard money, like gold, and it will respond well to
hyperinflation and hyper-money printing.”

When the Federal Reserve
announced quantitative easing, Bitcoin bottomed. Another reason was that the sellers were
exhausted. These factors, in combination
with the halving, has had the price of Bitcoin raise.

Kaiser remarked that since
Bitcoin has proved itself as a store of value that it will be ideal for
concentrating on the Lightning Network.
The network will, in turn, provide to be a two-scale scalability
solution for Bitcoin and will help improve its worth as a medium of exchange.